Nigeria’s public debt at N32.92trn at December, 2020 -NBS

Nigerian States and Federal Debt Stock data as of 31st December 2020 reflected that the country’s total public debt portfolio stood at N32.92 trillion, according to the National Bureau of Statistics (NBS).

Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external while N20.21trillion or 61.40 per cent of the debt was domestic.

Further disaggregation of Nigeria’s foreign debt showed that $17.93 billion of the debt was multilateral; $4.06 billion was bilateral from the AFD, Exim Bank of China, JICA, India, and KFW while $11.17 billion was commercial, which are Eurobonds and Diaspora Bonds and $186.70 as Promissory notes.

The total States and Federal Capital Territory (FCT) domestic debt was put at N4.19 trillion with Lagos State accounting for 12.15 per cent of the debt stock, while Jigawa State has the least debt stock in this category with a contribution of 0.74 per cent.

-VON